Aircraft parts supplier upgrades expands into Tempe, Arizona industrial building
Tempe, Ariz. – (July 31, 2024) – Citywide Commercial is pleased to announce that it has successfully facilitated the acquisition of a prime 112,300-square-foot industrial property located at 1345 S. 52nd St. in Tempe, Arizona.
The building was purchased by Setna iO/Setnix for $27,500,000, marking a significant local expansion for the global organizations, which specialize in aftermarket aircraft parts supply and high-tech airplane parts machining and repair.
The newly renovated facility features a 32’ clear ceiling height, three dock-high and 10 drive-in doors, 4,000 amps of power, full building air conditioning and modern office spaces, all of which will support the company's rapid growth. Situated on a 9.17-acre site, the property offers 494 parking spaces.
“This new property allows Setna iO and Setnix to significantly expand their local repair and distribution capabilities, and continue their ongoing growth and commitment to innovation. The metro Phoenix aerospace market has experienced a tremendous boom, making Tempe a perfect market for these two companies to continue to thrive,” said Todd Hamilton, SIOR, CCIM, Managing Partner of Citywide Commercial.
Hamilton and Denise Stein Chaimovitz, SIOR, MA, with Entre Commercial Realty LLC, represented the buyers, Setna iO and Setnix, in this transaction. The acquisition underscores Citywide Commercial's dedication to providing tailored real estate solutions to meet its clients' evolving needs.
Mike Haenel, Andy Markham, and Phil Haenel of Cushman & Wakefield represented the property seller, LBA Logistics.
The new Setna iO/Setnix building is near the confluence of Interstate 10 and US 60. Seven major freeways or expressways are located within 10 minutes of the property, and Phoenix Sky Harbor International Airport is five minutes away.